Morocco Coal Power Finance

Safi Energy Company (Safiec) is ready to build a 1.39GW coal-fired power plant in southwest Morocco, following the signing of project finance agreements with state utility ONEE. The project will cost $2.6bn, with start-up scheduled for 2018.

Safiec, led by France’s GDF Suez, will sell electricity to ONEE under a 30-year power purchase agreement. Coal for the plant will be delivered to a terminal at a new port which is under construction at Safi. The plant will comprise two 693MW units.

GDF Suez says Safi will be the first coal-fired project in Africa to use supercritical technology, which offers 10% higher efficiency than conventional plants (typical efficiency 33%). The generating sets will be built by Korea’s Daewoo Engineering and Construction and operated and maintained by Safiec.


DON'T HAVE AN ACCOUNT?


NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?

By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.

UPGRADE